Trump Family Crypto Ties In Crosshairs As Senate Democrats Push CFTC Power Grab
A dozen Senate Democrats unveiled a comprehensive cryptocurrency regulatory framework Tuesday, directly challenging President Donald Trump‘s family business ties to digital assets.
Democratic Senators Propose CFTC Jurisdiction Expansion
The proposal, led by Sens. Ruben Gallego (D-Ariz.), Mark Warner (D-Va.) and Kirsten Gillibrand (D-N.Y.), seeks to grant exclusive jurisdiction over non-security crypto markets to the Commodity Futures Trading Commission, reported The Hill.
“Questions about digital assets’ place in the U.S. regulatory framework have hobbled both innovation and consumer protection,” the senators wrote, emphasizing clarity between CFTC and Securities and Exchange Commission oversight roles.
Trump Family Conflicts Draw Scrutiny
The Democratic framework specifically targets elected officials and their family members, proposing to block them from “issuing, endorsing or profiting from digital assets” while establishing mandatory reporting requirements for crypto holdings. This provision directly …
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